NO PERSONAL INCOME TAX CHANGES PROPOSED IN BUDGET
Growth in direct taxes (till Jan 15) is 18.7 %
Surcharge of 10% on income above Rs 50 lakh but less than Rs 1 cr to be continued next year; ..
Rs 7.5 lakh per senior citizen limit for investment in interest-bearing LIC schemes doubled to Rs 15 lakh
Standard deduction of Rs 40,000 allowed for transport, medical reimbursement for salaried tax payers
Govt to reduce hardships faced in realty deals; no adjustment to be made in case circle rate does not exceed 5 pc of ..
LONG TERM CAPITAL GAINS EXCEEDING RS 1 L AKH WILL BE TAXED AT 10% WITHOUT INDEXING
Short term capital tax remains at 15%
8 crore poor women will get new LPG connections.
PM Saubhagya Yojana: 4 crore poor people will get power connection.
The government will spend Rs 16,000 crore on this scheme.
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